Crypto Announcement Today, August 28 – Non-BTC crypto Season Returns: Cronos and Numeraire Continue to Rise, DOLO Crypto Declining
The cryptocurrency market is bouncing back from the summer slump as alternative coin season resumes its momentum. Today’s headlines highlight Cronos, which has been surging since the update from Trump’s Media; Numeraire is also on the rise; meanwhile, Dolomite DOLO crypto is experiencing a decline following its listings on Binance and Coinbase.
Bitcoin’s dominance is further shrinking to 58%, with the Altcoin Season Index sitting at 59, indicating a shift of cash from Bitcoin to altcoins. Ethereum remains stable at the $4,600 mark, with Ethereum ETF inflows reported at 4X compared to Bitcoin’s figures from last week.
(Alternative coin season index, source – CoinGlass)
Experts attribute the market’s activity to indications of a Fed rate decrease and stimulus efforts from China. Institutional investors have funneled $2.2 billion into Ethereum, currently managing 9% of the cryptocurrency’s supply, while smaller-cap volumes are lagging.
Is this alarming? Most likely not; it’s a promising setup for a traditional early altseason surge.
While DOLO crypto may be declining, Solana, alongside Jupiter and Raydium, is thriving with new liquidity as memecoin excitement picks up.
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Numeraire, DOLO, and Cronos Stealing the Spotlight
Cronos has captured attention with a remarkable 56% increase within 24 hours, reaching $0.35 with $2 billion in crypto trading volume. Notably, Trump Media’s $6.4 billion commitment to crypto asset has added an additional $1 billion boost to the CRO crypto market. Additionally, the $5 billion credit line for Truth Social integrations has led to a weekly increase of 141% in CRO’s value.
(CRO/USD, source – TradingView)
Numeraire is also making waves; it’s soaring by 74% past $21 after JPMorgan’s $500 million investment in Numerai AI hedge fund. The assets under management have doubled to a substantial $1 billion, with 784,000 NMR currently staked within data models. Numeraire could ignite the next AI crypto wave.
Today, Numerai achieved a significant milestone: one of the top allocators in quantitative strategies has secured a $500m capacity in Numerai’s hedge fund.
Discover more: https://t.co/CZEQDmIY95
— Numerai (@numerai) August 26, 2025
In contrast, Dolomite DOLO appears out of place, plunging 15% to $0.26 despite being listed on Binance and Coinbase. A whale sold off 20 million DOLO crypto prior to the launch, raising concerns of a potential rug pull amid a trading volume of $116 million. Protection breaches have also led to a rekt of $165K, creating stress for holders.
(DOLO Crypto, source – GeckoTerminal)
DePIN initiatives are also making announcement as they reach a valuation of $17.9 billion, coinciding with stablecoin launches in Wyoming and Japan. Biotech companies are exploring digital currency for financing, while Trump’s “American Bitcoin” update is set to debut next month.
With BTC priced at $110,000, it feels like a still moment before altcoins surge; when dominance dips below 55%, the real excitement is expected to ignite.
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The post Crypto Update Today, August 28 – Altcoin Season is Back: Cronos and Numeraire Still Going, DOLO Crypto Falling appeared first on 99Bitcoins.
